The price of gold surpasses $5,000 an ounce for the first time in history.

BarcelonaInvestors are seeking a safe haven amid the global uncertainty unleashed by Donald Trump's policies: gold has surpassed $5,000 an ounce for the first time in history. This morning it rose 1.8% to $5,089. This historic milestone comes after Trump threatened Canada with 100% tariffs if the US's northern neighbor "makes a deal with China," following the US president's clash with Europe over the future of Greenland and amid growing domestic tensions in the United States over police violence.

With global financial markets already reeling, fears of another US government shutdown have also increased after Democrats threatened to block funding for the Department of Homeland Security in the wake of the weekend shooting in Minneapolis, in which federal agents...

Monday's high is the latest episode in an extraordinary and historic surge in the price of gold, which has risen almost 90% since Trump's inauguration just over a year ago. The trigger for Monday's increase was also the news that the Federal Reserve was calling banks to check the exchange rate between the dollar and the Japanese yen, which has been depreciating.

The rise in the price of the precious metal has been dizzying in the last two years. Gold was trading at less than €2,000 an ounce in 2024.